Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 103.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 296,908 shares of the specialty chemicals company’s stock after purchasing an additional 150,891 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in International Flavors & Fragrances were worth $25,104,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IFF. Farther Finance Advisors LLC grew its position in International Flavors & Fragrances by 15.6% during the third quarter. Farther Finance Advisors LLC now owns 1,155 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 156 shares during the period. Janney Montgomery Scott LLC purchased a new position in International Flavors & Fragrances in the third quarter valued at about $2,292,000. Assetmark Inc. grew its position in shares of International Flavors & Fragrances by 6.4% during the 3rd quarter. Assetmark Inc. now owns 11,839 shares of the specialty chemicals company’s stock valued at $1,242,000 after acquiring an additional 710 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $215,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $48,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $79.94 on Wednesday. The company’s 50 day simple moving average is $83.64 and its two-hundred day simple moving average is $91.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1 year low of $78.91 and a 1 year high of $106.77. The stock has a market capitalization of $20.44 billion, a PE ratio of 85.04, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Analysts Set New Price Targets

A number of research firms have issued reports on IFF. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Oppenheimer decreased their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus cut their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Citigroup lowered their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.50.

Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O’byrne purchased 6,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.